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I’m looking to close on the purchase of a bank owned house today. Yes, another REO. As I always do, I walked through the place with my contractor just to get our thoughts together on the new layout, the scope, etc… Everything was going sweet – that is, until we walked down the dark steps to the basement.

Hey banks – are ya listening? Hey asset managers, it’s me; you’re buddy Craig. Here’s a tip for you – its OK to winterize, but its pretty stupid to turn off the electricity, especially when you couple no downspouts, a TON of rain with no electricity to run the sump pump. Needless to say, I immediately called the listing agent and told him I’d have to chop $7500.00 from my offer to compensate me for replacing the furnace, the pumping of the water, and the intense pain and suffering. Over the top? Maybe.

Here’s Lake Mary. I’ve seen water in basements, but NEVER this much!

Grab you’re Speedos and check out the pics!